The major economic data and financial events for this week (1.8-1.12) are as follows:

Monday, January 8

Keywords：council employment trend index

There is less to pay attention to on Monday. In terms of economic data, the American Advisory Council Employment Trend Index will be released today.

Additionally, a 14-day reverse repurchase of 90 billion yuan expires today.

Tuesday, January 9th

Keywords：China M2 money supply annual rate; US trade balance; Bostic speech

On Tuesday, in terms of economic data, investors can pay attention to China's December M2 money supply annual rate, US trade balance, and US NFIB small business confidence index.

Referring to general international principles, according to the actual situation in China, the People's Bank of China divides China's money supply index into the following four levels: M0: cash in circulation; M1: M0: M0: corporate current deposits+institutional and military deposits+rural deposits+credit card deposits held by individuals; M2: M1+ urban and rural residents' savings deposits+regular deposits in corporate deposits+foreign currency deposits+trust deposits; M3: M2+ financial bonds+commercial papers+large transferable deposits, etc.

According to agency forecasts, with the support of government debt, as we enter the fourth quarter, a number of active policies continue to take effect, and the momentum for economic recovery continues to strengthen. It is expected that the social finance growth rate will rebound in December.

In terms of economic events, the 2024 FOMC voting committee and Atlanta Federal Reserve Chairman Bostic delivered a speech on the economic outlook.

Also, according to the official website of the Consumer Electronics Show (CES) in Las Vegas, USA, the global consumer electronics “Spring Festival Gala” - CES will be held from January 9 to 12 local time. At that time, various new consumer technology products from around the world will be exhibited. The industry expects more AI products to be unveiled this year.

Giants gathered at this CES exhibition, and it is expected that more than 130,000 industry participants and more than 4,000 companies will participate.$Advanced Micro Devices (AMD.US)$,$HISENSE HA (00921.HK)$,$LENOVO GROUP (00992.HK)$, LG,$NVIDIA (NVDA.US)$,$PANASONIC CORP (PCRFY.US)$,$Qualcomm (QCOM.US)$und$Samsung Electronics Co., Ltd. (SSNLF.US)$Other major technology companies are expected to make major announcements and product launches at CES 2024.

Wednesday January 10th

Keywords：US weekly EIA/API crude oil inventory; EIA releases monthly short-term energy outlook report

On Wednesday, in terms of economic data, investors can pay attention to the US current EIA/API crude oil inventory and the US weekly EIA strategic oil reserve inventory.

In terms of events, the EIA will publish a monthly short-term energy outlook report.

According to the previous report, the EIA lowered the estimated increase in global oil demand in 2024 by 60,000 b/d to 1.34 million b/d. At the same time, crude oil prices are also expected to fall in 2024. Follow this report's views on the outlook for global oil supply and demand.

Judging from the short to medium term trends in oil prices, since the outbreak of the Red Sea crisis, both US oil and oil have shown a volatile downward trend; however, in the first week of this year, oil prices seem to be rising. However, as of now, it seems that the impact of the Red Sea crisis on oil prices is still within manageable limits. Richard Bronze, head of geopolitics at research firm EnergyAspects, said, “The market is not concerned about supply risks... it will take a lot of effort to restore the continued rise in oil prices.”

Thursday January 11th

Keywords: CPI data; initial jobless claims; New York Federal Reserve Chairman Williams speech

On Thursday, in terms of economic data, the US CPI annual rate and monthly CPI rate for December will be announced.

The US recorded an annual rate of 3.1% of the unseasonally adjusted CPI in November, a new low since June this year. Focus on whether the December data will continue to decline or reverse the previous decline. Currently, the market generally expects the US core CPI to increase 3.8% year-on-year in December, down from 4.0% in the previous month; the monthly core CPI rate is expected to remain unchanged at 0.3%.

If the core CPI year-on-year growth rate actually falls below 4% for the first time since May 2021, this may encourage the Federal Reserve to be more confident that inflation will return to the 2% target in mid-2024, thereby consolidating expectations of interest rate cuts in March.

In terms of the incident, the Federal Reserve's Permanent Voting Committee and New York Federal Reserve Chairman Williams delivered a speech on the economic outlook. Investors can pay attention to the details relating to the future policy of the Federal Reserve in his speech.

Friday January 12th

Keywords: China CPI, trade balance; US PPI; Minneapolis Federal Reserve Board Kashkari's speech

On Friday, in terms of economic data, investors can pay attention to China's December CPI, PPI data, and trade balance.

According to the agency, China's CPI fell 0.3% year on year in December and rose 0.2% for the whole year. In December, the CPI mainly relied on the recovery in food prices and will turn to a month-on-month increase. It is expected to rise 0.3% month-on-month, while the year-on-year decline narrows to 0.2%.

China's trade account for November was 490.82 billion yuan, October's trade account was 405.47 billion yuan, and September's trade account was 558.74 billion yuan. We are concerned about whether China's trade account data will continue to grow in December.

In terms of the incident, Federal Reserve Voting Committee Kashkari will deliver a speech in 2026.

It is worth noting that the new financial reporting season will begin this Friday.$JPMorgan (JPM.US)$,$Citigroup (C.US)$,$Wells Fargo & Co (WFC.US)$und$Bank of America (BAC.US)$Lead. Dow constituent companies$UnitedHealth (UNH.US)$,$Delta Air Lines (DAL.US)$und$Blackrock (BLK.US)$Financial reports will also be released.

Benefiting from higher interest rates in recent years, banks are expected to report strong profits.

Good luck with your investments in the new week!

edit/ruby